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For the majority of borrowers, interest rate research for mortgage refinancing came with unwanted and annoying sales calls, which could ultimately hinder potential business for lenders.September 28
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Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.September 25
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Mortgage applications increased 6.8% from one week earlier as this summer's surprise purchase demand has carried over to the fall, according to the Mortgage Bankers Association.September 23
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But the group is more conservative than Fannie Mae when it comes to interest rate movements over the next six quarters.September 22
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Low rates, along with increased new and existing home sales activity drives the latest forecast.September 16
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The only rational strategy for holding MSRs is to be very aggressive on protecting the servicing assets via loan recapture. This is one of the chief reasons that banks have been willing to give up their share in lending and servicing as they collapse back to retail-only lending strategies.September 16
ChairmanWhalen Global Advisors LLC
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Mortgage applications decreased 2.5% from one week earlier as refinance activity appears to decelerating, according to the Mortgage Bankers Association.September 16
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Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005.September 14
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Even though second-quarter originations were nearly double the same period in 2019, most were refinancings, which generate less revenue for title companies.September 11
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The guidelines are somewhat similar to those the Federal Housing Finance Agency established for the government-sponsored enterprise market in response to the high number of loans impacted by coronavirus-related hardships.September 11
